Total amount raised
$1.8 Billions
Latest funding date
1/1/2022
Location
Checkout.com has successfully raised significant capital through multiple funding rounds, with its latest being a Series D round. The company has attracted a diverse group of investors, including notable names like Franklin Templeton and Ribbit Capital.
Keep reading to explore the intricacies of Checkout.com's fundraising journey and the investors backing this innovative platform.
What Is Checkout.com?
Checkout.com, founded in 2012 by Guillaume Pousaz, is a global provider of payment solutions based in London, England. The company offers a comprehensive suite of services, including payment processing in over 150 currencies, fraud detection tools, and a unified payments API.
With a team of more than 1700 employees spread across 19 offices worldwide, Checkout.com is dedicated to helping businesses and communities thrive in the digital economy. Their solutions enable businesses to accept debit and credit card payments and access local payment methods globally.
Checkout.com continues to innovate in the fintech space, providing tools for integration health, a dashboard for monitoring payment activities, and virtual card services. Their commitment to optimizing payment performance has made them a key player in the industry.
How Much Funding Has Checkout.com Raised?
- Series A
- Amount Raised: $230M
- Date: May 2019
- Lead Investors: DST Global, Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series B
- Amount Raised: $150M
- Date: June 2020
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and support rapid growth.
- Series C
- Amount Raised: $450M
- Date: January 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: $15 billion
- Motivation Behind the Round: To scale the platform and support global expansion.
- Series D
- Amount Raised: $1B
- Date: January 2022
- Lead Investors: Altimeter, Franklin Templeton, GIC, Qatar Investment Authority, Dragoneer, Insight Partners, Oxford Endowment Fund
- Valuation at Round: $40 billion
- Motivation Behind the Round: To fuel U.S. expansion, develop the payment platform, and enhance Web3 initiatives.
Total Amount Raised: $1.83 billion. Current Valuation: $40 billion.
Key Investors
- Franklin Templeton
- Details: Franklin Templeton is a global investment management organization known for its expertise in mutual funds, ETFs, and other investment products.
- Investment Focus Areas: Equities, fixed income, alternatives, multi-asset solutions.
- Notable Investments: Rivian, Moderna, Zoom.
- Ribbit Capital
- Details: Ribbit Capital is a venture capital firm that focuses on early-stage investments in financial technology companies.
- Investment Focus Areas: Financial technology, early-stage and growth investments.
- Notable Investments: Robinhood, Coinbase, Revolut.
- GIC
- Details: GIC is Singapore's sovereign wealth fund, established to manage the country's foreign reserves.
- Investment Focus Areas: Real estate, private equity, infrastructure, public markets.
- Notable Investments: Alibaba, Blackstone, UBS.
- Qatar Investment Authority
- Details: The Qatar Investment Authority is the sovereign wealth fund of Qatar, focusing on long-term investments.
- Investment Focus Areas: Real estate, infrastructure, financial services, technology.
- Notable Investments: Volkswagen, Barclays, Harrods.
- Altimeter
- Details: Altimeter is a technology-focused investment firm that invests in both private and public companies.
- Investment Focus Areas: Technology, software, internet sectors.
- Notable Investments: Snowflake, Roblox, Unity Technologies.
What's Next for Checkout.com?
Checkout.com is poised to seize substantial opportunities, particularly in the U.S. market, where the demand for digital payment solutions is immense. The company is also venturing into the rapidly growing Web3 space, focusing on cryptocurrencies and NFTs. These expansions could significantly bolster its market presence and technological capabilities.
Future fundraising appears promising, with the potential for additional venture capital rounds or even an IPO, driven by the company's continuous innovation and expansion. However, Checkout.com will need to navigate intense competition, regulatory challenges, and the complexities of scaling operations while maintaining profitability.
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